US indices close lower on the day. Nasdaq leads the declines

  
Analysis, US Market

The major US indices are all closing lower on the day. The declines are being led by the Nasdaq (and Russell 2000). Nervousness about the Fed on Wednesday and omicron concerns, are the leading cause of concern for the markets. Of interest is rates moved lower today which did not help the likes of the Nasdaq or Russell 2000 as focus turns to slower growth.

The final numbers are showing:

  • Dow industrial average felt -320.06 points or -0.89% at 35650.96
  • S&P index -43.03 points -0.91% 4668.98
  • NASDAQ index -217.31 points or -1.39% at 15413.29.
  • Russell 2000-31.31 points or -1.42% at 2180.49

Recall on Friday the S&P index closed at a record level. The decline today pushes the price away from that level.

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